| LEASE LIABILITIES |
The
Company leases certain assets under lease agreements. The lease liabilities consist of leases of facilities with terms ranging
from one to five years. The leases are calculated using incremental borrowing rates ranging from 11.7% to 13.3%.
SCHEDULE OF OPERATING LEASE LIABILITIES
| | |
Total | |
| Balance at December 31, 2024 | |
$ | 428,021 | |
| Interest expense | |
| 36,711 | |
| Lease
payments | |
| (190,857 | ) |
| Balance at December 31, 2025 | |
| 273,875 | |
| Interest
expense | |
| 12,636 | |
| Additions | |
| 36,110 | |
| Lease
payments | |
| (96,351 | ) |
| Balance at June 30, 2026 | |
$ | 226,270 | |
Which
consists of:
| | |
June
30, 2026 | | |
December
31, 2025 | |
| Current lease liability | |
$ | 138,107 | | |
$ | 143,624 | |
| Non-current lease liability | |
| 88,163 | | |
| 130,251 | |
| Ending balance | |
$ | 226,270 | | |
$ | 273,875 | |
Draganfly
Inc.
Notes
to the Condensed Consolidated Interim Financial Statements
For
the Three and Six Months Ended June 30, 2026
Expressed
in Canadian Dollars (unaudited) |
| 11. | LEASE
LIABILITIES (CONT’D) |
SCHEDULE OF OPERATING MATURITY ANALYSIS
| Maturity analysis | |
June
30, 2026 | | |
December
31, 2025 | |
| Less than one year | |
$ | 153,710 | | |
$ | 165,022 | |
| One to three years | |
| 93,386 | | |
| 141,519 | |
| Four to five years | |
| - | | |
| - | |
| Total undiscounted lease liabilities | |
| 247,096 | | |
| 306,541 | |
| Amount representing interest | |
| (20,826 | ) | |
| (32,666 | ) |
| Lease
liability | |
$ | 226,270 | | |
$ | 273,875 | |
The
three month and six month variable lease payments of $12,978 (2025 - $12,567) and $26,567 (2025 - $25,773) respectively have been recognized
in profit and loss.
|